Pay Rent – Boost Your Credit Score

September 30, 2025 | Announcements

Quick Summary:
– Rent is reported to Equifax like phone bills, credit cards etc.
– Reduces late payments to landlords by over 70%
– Landlords can pull tenant credit history and background check



Rent reporting allows landlords to report monthly rent payments on-time or missed payments to major credit bureaus like Equifax. Similar to credit card or utility payments, rent becomes part of a tenant’s official credit history. This adds transparency and accountability to the rental process while offering real benefits to both landlords and tenants.

Rent Reporting: How It Works

Using platforms like FrontLobby, landlords can easily report each rent payment. Once submitted, the data is added to the tenant’s Equifax credit file. Regular, on-time payments can help tenants build their credit, while missed or unpaid rent can negatively impact their credit score. It’s a simple and effective way to encourage consistent payments and reduce rental risk.

Click here for helpful insights on how Rent Reporting may benefit millions of Canadians

Landlord Benefits

As a landlord or investor in real estate investing in Toronto, rent reporting gives you added control and protection:

  • Landlord pulls their own credit score
  • Landlord pulls their own criminal background check

With this information, you can feel confident with who you’re renting to, whether you’re managing real estate rentals in Toronto or elsewhere in the city.

Tenant Benefits

Tenants also benefit! Regular and on-time rent payments help build credit scores. This means:

  • Improve your credit score
  • Show strong rent history for future lease
  • Helps towards buying your future home

Tenants in the real estate rental Toronto market who pay consistently and on-time can see real credit growth just by paying rent.

What If the Tenant Doesn’t Pay?

If a tenant fails to pay rent or moves out, landlords aren’t stuck. With services like FrontLobby, landlords can report unpaid rent, which then appears on the tenant’s credit report until it’s resolved. This impacts their credit score and incentivizes repayment.

Traditional methods of collecting unpaid rent like small claims court or hiring a collection agency can be time consuming. Rent reporting is an effective alternative to pursue money owed without lengthy legal battles.

Rent reporting can streamline your operations when you operate a Real estate investment in Toronto. It protects your property and encourages responsible tenant behavior, while also helping renters build a better financial future.

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